IMARC Group, a leading market research company, has recently releases report titled “Home Care Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global home care packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the home care packaging?

The global home care packaging market size reached US$ 96.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 126.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

What is home care packaging?

Home care packaging is designed to ensure the safety and preservation of the contents using strong and durable materials that protect against microbial contamination and maintain the quality of the products. It also provides improved convenience, security, and efficiency during the storage and transportation of numerous home care goods. It is widely available in various sizes, colors, and materials to suit the needs of different product types. At present, home care packaging finds extensive applications in creating a brand image and identity across the globe. 

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What are the growth prospects and trends in the home care packaging industry?

The rising adoption of compact packages due to their affordability, ease of usage, and storage represents the primary factor driving the market growth. Moreover, the increasing focus on consumer-oriented packaging production and shifting consumer preferences toward flexible packaging are positively influencing market growth. Apart from this, governments of numerous countries are offering lucrative tax exemptions to companies that adopt sustainable manufacturing practices. As a result, the rising use of recycled plastics and refill pouches to reduce the environmental impact has catalyzed market growth. Additionally, the integration of advanced technologies, such as artificial intelligence (AI), near field communication (NFC), and radio frequency identification (RFID), that help in improving smart packaging services, including preventing counterfeits, offering accurate information about inventory tracking, and enabling consumers to track goods using smartphones represents another major growth-inducing factor. Besides this, continual technological advancements in packaging and the ability to offer a high aesthetic value to products are propelling the market growth.

Furthermore, the rising availability of affordable smaller pack sizes that help consumers in stocking a wide range of products is contributing to market growth. In line with this, the escalating need for cleaning agents, sanitizers, disposable gloves, and masks, especially amid the sudden coronavirus (COVID-19) disease outbreak, has augmented product demand. Other factors, including increasing consumer awareness about health and wellness, improving living standards, and rapid urbanization, are also creating a favorable market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

  • Dishwashing Products
  • Insecticides
  • Laundry Care Products
  • Toiletries
  • Polishes
  • Air Care Products
  • Others

Breakup by Material Type:

  • Plastic
  • Paper
  • Metal
  • Glass
  • Others

Breakup by Packaging Type:

  • Bottles
  • Metal Cans
  • Cartons
  • Pouches
  • Others

Breakup by Region:

  • North America (U.S. Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Amcor Plc
  • AptarGroup Inc.
  • Ball Corporation
  • DS Smith Plc
  • Mondi Group
  • ProAmpac
  • Silgan Holdings
  • Sonoco Products Company
  • Tetra Laval International SA
  • Winpak Ltd. (Wihuri Packaging Oy)

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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